Advanced Math 4.2-4.3 Exponential Functions & Logs Name__________________________________ April 2014 1. Name the two types of exponential functions and give an example of each type. Type 1: __________________ Example__________________ Type 2: __________________ Example__________________ Determine which of the following functions are exponential growth and which are exponential decay. Circle your answer. 2. đŚ = 0.2đĽ GROWTH DECAY 3. đŚ = 4đĽ 4. GROWTH DECAY đŚ = 6(0.5)đĽ GROWTH DECAY 5. đ´ = 1000(1.25)đĽ GROWTH DECAY Graph the given exponential function using the following domain for đ : [−đ, đ]. State whether the graph shows exponential growth or decay. 1đĽ 6. đŚ = 3đĽ 7. đŚ = 3 Rewrite each equation in its exponential form. 8. log 10,000= 4 9. log4 0.25= -1 11. lnđ 2 = 2 1 12. log6 216= −3 Rewrite each equation in its logarithmic form. 14. 45 = 1024 15. 360.5 = 6 17. 36 = 729 1 18. 4-5 = 1024 10. log8 512= 3 1 13. log2 64= −6 16. 73 = 343 1 19. 3-4 = 81 Solve. 20. logx 2 = ½ 1 23. log 2 32 = x 1 21. log8 512= x 22. log4 64= x 24. log2 64= x 25. ln đ 4 = x For the following application problems, show the equation (if one hasn’t already been given to you) and show the substitution of all the variables necessary to solve. Points will be given on the quiz for this work! 26. The attendance for a basketball team declined at a rate of 5% per game throughout the losing season. The attendance can be approximated using the formula A(g) = 23,000(.95)g where g is the number of games since the first game. Find the attendance at the 15th home game (g = 14) if 23,000 people were at the first game. 26.)________________ 27. The number of pay phones in use in the U.S. has been declining due (large in part) to an increased usage of cell phones. The function đ´ = 2.28(0.9)đĽ can be used to model the number of pay phones (in millions) đĽ years since 1999. a. b. According to this equation, how many pay phones were there in the U.S. in 1999? 27a.)_______________ How many pay phones were there in the U.S. in 2005? 27b.)_______________ 28. Kristin starts an experiment with 7500 bacteria cells. The formula A = 7,500(1.32)t can be used to approximate the number of bacteria cells after t hours. How many bacteria cells can be expected in the sample after 12 hours? 28.)_______________ 29. An investment pays 4.2% interest compounded monthly. If $25,000 is invested in the account, what will be the balance after 15 years? 29.)________________ 30. A college savings account pays 7.2% interest compounded continuously. What is the balance of an account after 18 years if $21,000 was initially deposited? 30.)________________ 31. 32. In 2003, Lucy received $10,000 from her grandmother. Her parents invested it in an account that earns 4.4% interest annually. a. What would be the balance of the account in 2025? 31a.)_______________ b. If Lucy’s parents decide to invest the money in an account where the interest is compounded monthly, how much more money will be in the account in 2025? 31b.)_______________ Find the balance of an account after 20 years with 1.2% interest compounded twice a month. The account is opened with $100. 32.)________________ 33. An investment pays 6.3% interest compounded continuously. If $5,000 is invested in the account, what will be the balance after 12 years? 33.)________________ 34. The student population at Grosse Pointe South is approximately 1700. If enrollment increases approximately 1.5% each year, the population can be approximated using the formula P(t) = 1,700(1.015)t . How many students will attend South in 5 years? 34.)______________ 35. The Miller’s bought a condominium for $18,500. Assuming that the value of the condo will Grow each year, the following equation can be used to determine the worth of the condo: C(t) = 18,500(1.05)t. How much will the condo be worth in 7 years? 35.)______________ 36. You buy a commemorative coin for $25, whose value increases each year. The equation A = 25(1.035)t approximates the coin’s value after t years. How much will the coin be worth in 15 years? 36.)______________ 37. You’re off to college! You buy a computer for $2500. The value of the computer can be modeled by the equation V(t) = 2500(.8)t. What will be the value of the computer in 2 years? 37.)______________ 38. A cup of coffee contains 130 milligrams of caffeine. Since caffeine is eliminated from the body each hour, the amount of caffeine remaining in your body is approximated by the equation C(t) = 130(.89)t where t is measured in hours. How much caffeine will still be in a person’s body in 6 hours? 38.)______________ 39. Suppose you deposit $1200 in an account paying 3.5% interest compounded continuously. How much will be in the account after 7 years? 39.)______________ 40. The population of Buffalo, New York, declined and can be approximated by the equation P(t) = 465, 900(.983)t where t is years since 1970. Use the model to predict Buffalo’s population in 2000. 40.)_____________ 41. Freedom National Bank offers several types of savings accounts with different interest rates and compounding periods. Money-Market Account: Pays 3.8% interest, compounded quarterly. Standard Savings Account: Earns 3.55% interest compounded monthly. All-in-One Account pays 3.2% interest compounded continuously. You have $2000 to deposit. Which account is the best investment for your money? a) First make a guess. __________________________ b) Now compare the balance in each account after 25 years. Show your work in the table below. Based on your work, which plan is best? _________________________ Money Market Account Standard Savings Account All-in-One Account Answers: 1. Growth; Decay 2. D 3. G 4. D 5. G 6 & 7. See graphs 8. 104 = 10,000 9. 4-1 = 0.25 10. 83 = 512 11. e2 = e2 13. 2-6 = 1/64 14. log4 1024= 5 15. log36 6= ½ 16. log7 343= 3 12. 6-3 = 1/216 1 1 17. log3 729= 6 18. log4 1024= -5 19. log3 81= -4 20. 4 21. 3 22. -3 23. -5 24. 6 25. 4 26. 11,217 ppl 27. 2.28million; 1.21million 28. 209,869 cells 29. $46,888.66 30. $76,747.62 31. $25,787.60; $492.57 32. $127.11 33. $10,648.70 34. 1831 students 35. $26,031.36 36. $41.88 37. $1,600 38. 64.61mg 39. $1,533.15 40. 278,547 41. Money Market Acct.